Gold, like most assets across the board, have taken a hit Monday, but medium to long-term, prices should recover to eventually reach new highs, said Bill Baruch, president of Blue Line Futures. “There is going to be a bottom here, there is going to be a tremendous buying opportunity. In fact, in my morning note to clients, I made a point to say that I feel very confident that gold is going to be setting a new record high in the intermediate or long-term,” Baruch told Kitco News. “Once gold stabilizes and other asset classes stabilize, you’re going to be able to ride the wave higher.”
Play Video